Item 7.01 Regulation FD Disclosure

Equity One, Inc., a Maryland corporation (the "Company" or "Equity One"), is hereby providing the fair value of its investment property as of December 31, 2008. As announced previously, the Company has agreed to provide this information to Gazit-Globe Ltd. ("Gazit"), its major indirect stockholder, in connection with Gazit's financial reports prepared under International Financial Reporting Standards ("IFRS").

IFRS permits fair value accounting for income-producing shopping centers which includes property held for sale. In addition, in accordance with IFRS, the value of straight-line rent receivable, deferred costs and intangible assets and liabilities related to income-producing property are not presented separately since they are included within the fair values of income producing property.

Land, shopping centers under development, and assets classified as construction in progress are presented at historical cost under both U.S. Generally Accepted Accounting Principles ("GAAP") and IFRS.

At the request and expense of Gazit, Equity One obtained an independent appraisal of the fair value assessment of its investment property from CB Richard Ellis ("CBRE"). Based upon the appraisals by CBRE the fair value of our investment property, excluding assets classified as construction in progress and land held for development, as of December 31, 2008 and December 31, 2007 was $2,360,597,000 and $2,916,410,000 respectively.

The aggregate weighted average capitalization rates used in the fair value determination of the investment property as of December 31, 2008 and December 31, 2007 were 7.4% and 6.5%, respectively.

The shopping center in our portfolio with the highest fair value is Sheridan Plaza located in Hollywood, Florida with a value as of December 31, 2008 and December 31, 2007 of $114.4 million and $114.7 million respectively. Furthermore, the direct capitalization rate for Sheridan Plaza as of December 31, 2008 and December 31, 2007 was 6.5% and 6.0% respectively.

The determination of these values required management and the independent appraisers to make significant estimates and assumptions, and the actual values achieved in the event of any property sales transactions may differ from the values incorporated into the fair value determinations shown above.

The information contained in this report on Form 8-K shall not be deemed "filed" with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended.

---